Energy storage is likely to be worth “tens of billion dollars in the next five to 10 years” across a number of global regions, according to executives at solar microinverter firm Enphase.
Electric vehicle manufacturer Tesla has revealed that its home battery storage products will be available “fairly soon”.
For decades Australia has been at the forefront in deploying renewable energy, coupled with energy storage solutions, in off grid and fringe of grid areas across remote Australia. Many communities have transitioned away from polluting and expensive diesel generators and now use reliable and sustainable renewable energy and energy storage solutions. But it is only now that the full impact of lower energy storage costs are becoming clear, writes John Grimes of the Australian Energy Storage Council.
Investment bank Citigroup is predicting a 240GW global battery storage market worth US$400 billion by 2030 as increased deployment creates a “virtuous circle” of falling costs.
The UK’s Renewable Energy Association (REA) has launched two new trade groups to represent the solar and storage industries respectively.
Two recent reports, one from credit rating and investment advisory agency Moody’s, the other from technology and tech market analysts Navigant Research, appear to show divergent views on the potential of distributed energy storage, including residential solar-plus-batteries.
The US market for solar-plus-storage is predicted to grow more than twentyfold in the next three years, rapidly expanding from US$42 million in value this year to US$1 billion by 2018, according to GTM Research.
Integrated US photovoltaic energy company SunPower’s solar panels will be sold as part of a package that includes energy management software and energy storage capabilities to residential customers in the US and Australia from early next year.
The Electric Power Research Institute (EPRI), a US non-profit organisation which is funded by electric utilities, will test and evaluate a battery storage system paired with a 1MW solar array in Cedartown, Georgia.
Imergy Power Systems, the California-based energy storage specialist, has received an order for four of its ESP5 vanadium flow batteries from Hawaiian renewables firm, Energy Research Systems.
